BAYHEALTH FOUNDATION CORPORATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

LINDSAY RHODENBAUGH

Phone

3027447015

Tax Period

2024-01-01 to 2024-06-30

BAYHEALTH FOUNDATION CORPORATION, founded in 1984, is a small nonprofit in the Health Care sector that reported $626K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $719K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO RAISE FUNDS FOR THE BENEFIT OF THE COMMUNITY HOSPITALS WHICH ARE PART OF BAYHEALTH MEDICAL CENTER, INC.

Program Service Accomplishments

Program 1

Expenses: $265,694 Revenue: $625,601

BAYHEALTH FOUNDATION'S PURPOSE IS TO RAISE FUNDS IN SUPPORT OF THE COMMUNITY HOSPITALS WHICH ARE PART OF BAYHEALTH MEDICAL CENTER, INC., A NOT-FOR-PROFIT HOSPITAL CORPORATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $511,437

Program Service Revenue $0

Investment Income $66,356

Other Revenue $47,808

TOTAL REVENUE $625,601

Expense Breakdown

Grants Paid $151,948

Salaries & Benefits $448,154

Fundraising Expenses $297,172

Program Expenses $265,694

Other Expenses $115,279

TOTAL EXPENSES $718,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$625,601	$2,875,462	-0.8%
Expenses	$718,981	$3,289,190	-0.8%
Net Income	$-93,380	$-413,728	-0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$279,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB BOOK	DIRECTOR	1.00	Director	$0	$0	$0
DREW LAROCHE	DIRECTOR	1.00	Director	$0	$0	$0
GERRY MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
LORI ENNIS	EX-OFFICIO	1.00	Director	$0	$0	$0
GARY CAMP	DIRECTOR	1.00	Director	$0	$0	$0
A TEMPLE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W SHUCK MD	DIRECTOR	1.00	Director	$0	$0	$0
PENI G WARREN	DIRECTOR	1.00	Director	$0	$0	$0
TITA LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY PFEIFER	DIRECTOR	1.00	Officer Director	$0	$0	$0
GARY SZYDLOWSKI MD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN JONES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GARRETT GRIER III	DIRECTOR	1.00	Director	$0	$0	$0
KATHY NEWCOMB	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL G SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY RHODENBAUGH	PRESIDENT	40.00	Officer	$0	$46,439	$279,198

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$625,601	$718,981	$14,208,702	$-93,380
2023	$2,875,462	$3,289,190	$13,955,115	$-413,728
2022	$2,249,310	$1,537,784	$14,241,155	$711,526
2021	$4,105,121	$3,694,417	$13,134,161	$410,704
2020	$4,453,784	$2,422,492	$11,592,537	$2,031,292
2019	$3,302,064	$4,300,638	$9,291,331	$-998,574
2018	$1,628,229	$4,293,079	$9,782,281	$-2,664,850